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Road ministry scheme to end contractual disputes
Mint Mumbai
|February 21, 2024
Disputes involving the Centre and its undertakings are blocking investments in road sector
400 disputes between govt agencies and contractors stuck
13,800 km target for road construction this fiscal
The ministry of road transport and highways has launched a one-time settlement scheme to end a backlog of contractual disputes blocking much-needed capital for the roads sector.
It is modelled on marquee Vivad Se Vishwas scheme that aims to settle contractual disputes involving the government and its undertakings.
The ministry has fixed two cut-of dates to be eligible for settlement: arbitration awards up to 30 September, 2023 and court awards up to 31 December, 2023.
Claims under the scheme can be submitted up to 31 March, 2024 through the government e-marketplace (GeM), for which the portal will provide a dedicated link.
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